Shell Petrolum Development Company (SPDC) has said it has paid the Federal Government N515.14 billion in 2018 in taxes, royalties and levies while contracts worth N393.94 billion were awarded to Nigerian companies in the same year. The Managing Director, SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor who stated this in Lagos during the media launch of the 2019 edition of the Shell in Nigeria Briefing Notes, said the contributions, were aside the N39.58 billion paid to the Niger Delta Development Commission and another N44.36 billion disbursed for various community-driven projects in the Niger Delta under the SPDC JV Global Memorandum of Understanding.
He said Shell Companies in Nigeria also made direct spending of N17.03bn on social investment projects making Nigeria the largest concentration of social investment spending in the Shell Group. Speaking on the ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria, Okunbor said when completed, the gas project would produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4 million homes.
SPDC took the final investment decision on the Assa North/Ohaji South project last December giving a major momentum to the domestic gas aspiration of the Federal Government for increased power generation and industrialisation. Giving a breakdown of the gas production, Okunbor said 300 million standard cubic feet of gas per day would be processed at a new gas processing plant owned by the SPDC Joint Venture while the remaining 300 million will go to a proposed gas processing plant by SEPLAT Petroleum.
Source:Daily Trust
0 comments: